World Bank | Carbon Pricing
Carbon Pricing initiatives, including emissions trading systems (ETS) and carbon taxes, have continued to gain momentum globally. As of 2024, 64 carbon pricing initiatives are implemented or scheduled, covering approximately 22% of global greenhouse gas emissions.
Expansion of carbon markets: The report highlights the growth of carbon markets, with the total value of the global carbon market reaching a record high of USD 225 billion in 2021. This demonstrates the increasing recognition of the economic benefits of carbon pricing and the potential for market-based solutions.
National and subnational action: Countries around the world are taking action on carbon pricing at both the national and subnational levels. Notable examples include China's national ETS, California's cap-and-trade program, and the European Union's Emissions Trading System (EU ETS).
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Carbon Pricing initiatives, including emissions trading systems (ETS) and carbon taxes, have continued to gain momentum globally. As of 2024, 64 carbon pricing initiatives are implemented or scheduled, covering approximately 22% of global greenhouse gas emissions.
Expansion of carbon markets: The report highlights the growth of carbon markets, with the total value of the global carbon market reaching a record high of USD 225 billion in 2021. This demonstrates the increasing recognition of the economic benefits of carbon pricing and the potential for market-based solutions.
National and subnational action: Countries around the world are taking action on carbon pricing at both the national and subnational levels. Notable examples include China's national ETS, California's cap-and-trade program, and the European Union's Emissions Trading System (EU ETS).
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